Magma Partners Launches $15M Fund to Support LatAm Startups; Announces First China-LatAm Accelerator

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Magma Partners, an early stage venture capital firm with offices in the U.S. and Latin America, has held the first close of its second $15M fund.The new fund will continue supporting the growth of U.S. incorporated startups with technology and sales teams based in Latin America.Magma Fund II plans to invest in 60 pre-seed and seed-stage companies over the next three years in the Latin American region.Founded in 2014 by Nathan Lustig, Francisco Saenz and Diego Philippi, Magma Partners is a fully private US/Latin American venture capital fund that invests in startups targeting the U.S. market that have technology and sales teams in Latin America.The firm has offices in California, Argentina, Chile, Colombia, Mexico, and China.

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